# Bessent Says Commerce Has Yet to Act on Megaspeed Listing Effort By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56962 Published: 2026-11-13T18:44:54.000Z Updated: 2026-11-13T18:44:54.000Z Section: Regulation > Bessent said Treasury and three other agencies support listing the Singapore-based company as investigators examine suspected transfers of restricted Nvidia chips to China. Treasury Secretary Scott Bessent said Friday that four agencies back adding Megaspeed International to the U.S. Entity List, while the U.S. Department of Commerce has yet to act on the effort. Bessent said the Department of the Treasury, Department of Defense (DoD), Office of the U.S. Trade Representative (USTR) and Department of State support the move. “Commerce has the pen,” he said, describing the department’s authority over the list. The Entity List restricts a company’s access to U.S. technology. Megaspeed, a Singapore-based cloud computing company, was still absent from the federal list as of Nov. 13. The company [remained off the list Nov. 10](), as the inquiry continued. Nvidia placed Megaspeed on its own block list in June 2025. That measure applies to Nvidia’s business with the company, while a federal listing would restrict Megaspeed’s access to U.S. technology more broadly. The inquiry centers on whether Megaspeed rerouted restricted Nvidia AI chips to China. Megaspeed denies illegal transfers and says checks by U.S. and Malaysian authorities and Nvidia personnel identified no formal violations. The Department of Justice (DOJ) requested the case, after which Commerce paused its probe. DOJ’s criminal investigation continues. Bessent also raised Megaspeed’s status with Commerce Secretary Howard Lutnick during a White House Situation Room meeting Nov. 11. Lawmakers have increased pressure on Lutnick over the delay. Megaspeed had not been added to the Entity List as of Nov. 13. ## Links in this article - [remained off the list Nov. 10](https://www.tokenpost.com/news/regulation/54397)